Time to Read: 3 Minutes The SECURE 2.0 Act of 2022 makes it easier to accumulate retirement savings at every stage of the financial journey. But the Act also took steps to potentially enhance retirement savings for those close to or in retirement. Required minimum distributions (RMDs) can be burdensome from both an income
Time to Read: 5 Minutes Growing your business across every measure is the priority for business owners, no matter their stage. Just starting out and working to be revenue-positive or coping with early income In the mid-stage and building your strategy and tactics for long-term growth Late-stage revenue maximization for exit planning Every stage
Time to Read: 7 Minutes So what even is a defined benefit plan? The defined benefit plan is a lesser-known retirement savings strategy that many business owners can implement in their business, in addition to the 401(k) plan, which is a type of defined contribution plan. Defined benefit plans are more complex than a
Time to Read: 8 Minutes The choice of a corporate structure for a business has many consequences: a crucial impact on the business’s taxes, your ability to raise funds, the paperwork you must file, and perhaps most important, your personal liability. Fortunately, you can change your mind and convert to another business structure later
Time to Read: 7 Minutes Many high earners want to know what strategies they can implement to help reduce the tax burden caused from large, unwanted required minimum distributions (RMDs) in retirement. In Part 6 of a 7-part series, “Tax Saving Strategies for High Earners,” we break down what you need to know about
Time to Read: 7 Minutes A little-known tax rule for people who own their employer stock in their 401(k) is Net Unrealized Appreciation (NUA). Electing NUA is often promoted by retirement planners as a smart tax savings strategy. Here in San Diego, we’ve helped clients from companies with highly appreciated stock, such as SAIC,
Time to Read: 5 Minutes Building a business is all about the day-to-day decisions. But what happens to the business if the primary decision-maker isn’t there? Creating a continuity plan that outlines transition planning should be part of the foundational documents of a business at any stage. Valuing the business, codifying the steps that
Time to Read: 11 Minutes At BWM, our core portfolio construction process comprises three primary factors: Strategic Allocation – This is the percentage of stocks, bonds and cash that makes up the portfolio and will drive the bulk of returns. We focus on what we can control: asset allocation, fees, tax efficiency, and ensuring
Time to Read: 7 Minutes Most working people tend to do a decent job addressing their life insurance and health insurance needs. However they often forget to give the same care and attention to disability insurance. Studies show that you are much more likely to become disabled then die during your working years. Whether
Time to Read: 5 Minutes The stock market volatility we’ve experienced this year has officially pushed us into a bear market. A bear market is technically defined as a 20% decline in the broader stock market. As of late June, the Standard & Poor’s 500 Index is down about 20% from the beginning of